Papa Johns 2003 Annual Report Download - page 28

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27
Percentage Relationships and Restaurant Data and Unit Progression
The following tables set forth the percentage relationship to total revenues, unless otherwise indicated, of
certain income statement data, and certain restaurant data for the years indicated.
Year Ended
Dec. 28,
Dec. 29,
Dec. 30,
2003
2002
2001
Income Statement Data:
Domestic revenues:
Restaurant sales
45.3%
45.4%
45.7%
Franchise royalties
5.4
5.4
5.2
Franchise and development fees
0.2
0.2
0.3
Commissary sales
40.3
40.3
40.1
Other sales
5.3
5.3
5.4
International revenues:
Royalties and franchise and development fees
0.7
0.6
0.6
Restaurant and commissary sales
2.8
2.8
2.7
Total revenues
100.0
100.0
100.0
Costs and expenses:
Domestic restaurant cost of sales (1)
22.2
23.0
24.8
Domestic restaurant operating expenses (1)
60.9
56.1
56.6
Domestic commissary and other expenses (2)
90.9
90.1
89.9
International operating expenses (3)
85.8
83.8
83.6
General and administrative expenses
7.3
7.7
7.1
Provision for uncollectible notes receivable (4)
0.2
0.3
0.1
Restaurant closure, impairment and disposition losses (gains) (5)
0.6
0.1
(0.1)
Other general expenses
0.4
0.7
0.5
Depreciation and amortization
3.4
3.4
3.6
Total costs and expenses
93.4
91.4
91.5
Operating income
6.6
8.6
8.5
Net interest expense
(0.7)
(0.7)
(0.7)
Income before income taxes and cumulative effect of a change
in accounting principle
5.9
7.9
7.8
Income tax expense
2.2
3.0
3.0
Income before cumulative effect of a change in accounting principle *
3.7%
4.9%
4.8%
*The cumulative effect of a change in accounting principle, as a percent of sales, had less than a
10 basis point impact.